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i'm the head of bloomberg government. thank you for joining us today, and thank you to deloitte for partnering with us in this event. when we launched bloomberg government just about two years ago, we had the aspiration of creating a one-stop shop, with data, tools, news, and analysis to help government affairs and government sales professionals make better and faster decisions. we went a long way toward achieving that aspiration. a big part of it is conversations on the important issues that face our nation today, particularly at the intersection of business and government. today's discussion on the fiscal cliff clearly meets that. we are honored to have such a thoughtful panel. senator mark warner, senator bob corker, congressman chris van hollen, governor tim pawlenty, who is currently president and ceo of the financial services roundtable. moderating our discussion today is al hunt. we always love having al over here. he really put bloomberg on the map here in d.c. yesterday it was his birthday -- happy birthday, al.
i'm the head of bloomberg government. thank you for joining us today, and thank you to deloitte for partnering with us in this event. when we launched bloomberg government just about two years ago, we had the aspiration of creating a one-stop shop, with data, tools, news, and analysis to help government affairs and government sales professionals make better and faster decisions. we went a long way toward achieving that aspiration. a big part of it is conversations on the important issues that...
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government must work with them, not against or over them. government's first duty is to do no harm. to secure people paz's rights and respect their purposes and preserve their freedom. nothing undermines the essential work these groups do quite like the abuse of government power. nothing is more troubling. it is not just the abuses of government that undermine civil society. it is also the excesses. look at the road we are on. a trillion dollar deficit every year. a debt crisis on the horizon. debt on this scale is destructive on so many ways. one of them is that it draws resources away from private charity. even worse is the prospect of a debt crisis, which will, unless we do something very soon. when government finances collapsed, it is the most vulnerable who are the victims, which we are seeing in europe. many feel they have nowhere to turn. we must never let that happen here. and election has come and gone. the people have made their choice. policy-makers still have a duty to choose between ideas that work and those that do not. when one economic policy after another has failed
government must work with them, not against or over them. government's first duty is to do no harm. to secure people paz's rights and respect their purposes and preserve their freedom. nothing undermines the essential work these groups do quite like the abuse of government power. nothing is more troubling. it is not just the abuses of government that undermine civil society. it is also the excesses. look at the road we are on. a trillion dollar deficit every year. a debt crisis on the horizon....
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it is whether they are better met by private groups or government, voluntary action or government action. the truth is, there has to be a balance between the two. government must ask for the common good while leaving private groups free to do the work only they can do. there is a vast middle ground between the government and the individual. our families and our neighborhoods. the groups we joined and the places of worship. this is where we live our lives. this is where the needs of each are most clearly recognized and met. our communities shape our character and give our lives direction. they help make us a self-governing people. the campaign of 2012 is filled with a lot of moments i will always remember. one of my favorites is the day bob talked about. it was to meet with people in cleveland, ohio. bobble brought them together. his center for neighborhood enterprise empowers communities. ryan's story will always stay with me. when he and his wife felt called to open a homeless shelterit is not enough to give food and shelter. people needed spiritual development. people need assistance t
it is whether they are better met by private groups or government, voluntary action or government action. the truth is, there has to be a balance between the two. government must ask for the common good while leaving private groups free to do the work only they can do. there is a vast middle ground between the government and the individual. our families and our neighborhoods. the groups we joined and the places of worship. this is where we live our lives. this is where the needs of each are...
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by the sheer size of its government. the problem is, starting in the 1960's, this approach has created a debilitating culture of dependency. it tore communities apart. this was so obvious to everyone that when we reform welfare in the 1990's, a law was passed by a republican congress and signed by a democratic president. what happened? welfare enrollment dropped dramatically. millions of people gained new lives of independence. poverty rates for children fell over 20% in four years. more single moms found jobs. your welfare checks going out and more money for states to spend on child care so more moms could go to work and support themselves. welfare reform worked because it encouraged the best in people. it appealed to their desire to shape their own destiny. it helped get government out of the business of fostering dependency. here is the problem. we have not applied a welfare reform mindset with equal vigor across programs. in most cases, we are still trying to measure compassion by how much spend cannot how many we he
by the sheer size of its government. the problem is, starting in the 1960's, this approach has created a debilitating culture of dependency. it tore communities apart. this was so obvious to everyone that when we reform welfare in the 1990's, a law was passed by a republican congress and signed by a democratic president. what happened? welfare enrollment dropped dramatically. millions of people gained new lives of independence. poverty rates for children fell over 20% in four years. more single...
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instead, we just spent all of that money trying to fight poverty from government programs. now, what do we have to show for it? 46 million people today are living in poverty. during the last four years, the number of people on food stamps has gone up by 15 million. medicaid is reaching a breaking point. one out of every four students fails to get a diploma. half of our kids do not graduate.
instead, we just spent all of that money trying to fight poverty from government programs. now, what do we have to show for it? 46 million people today are living in poverty. during the last four years, the number of people on food stamps has gone up by 15 million. medicaid is reaching a breaking point. one out of every four students fails to get a diploma. half of our kids do not graduate.
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who will continue to fight about bigger government and smaller government. we will not do it by refusing to pay for the government we have, thinking the economy in the process. that would be a good start, as a backdrop. i want to touch on your question about corporate and individual taxes. the third piece is small businesses. we work out how develop a tax code that is good for competitiveness. you need to think about how those play into it. i think one of the things to keep hearing through messages with different groups of people is, while everybody is aware that the solution is going to take sacrifices from all sides, on spending, on revenues -- the confidence you get for putting the deal in place to actually has tremendous economic benefits. the cheapest form of stimulus is confidence. if we can put that in place, and people believe something is going to stick, it becomes easier to do your part in all of this. if the moving pieces and revenue are there, do not underestimate the benefit of what the future holds. >> this ties into michael's point. the produc
who will continue to fight about bigger government and smaller government. we will not do it by refusing to pay for the government we have, thinking the economy in the process. that would be a good start, as a backdrop. i want to touch on your question about corporate and individual taxes. the third piece is small businesses. we work out how develop a tax code that is good for competitiveness. you need to think about how those play into it. i think one of the things to keep hearing through...
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we are not here for the government's spending. we have a right to earn our own money, to keep what we have come not to pay off the things that we share. most of that other stuff that happens, we should be going to the states to handle it. right now because of the potential of riots, let's stop the business welfare and then let's stop the personal welfare spending stop making people dependent. host: we will keep this conversation going by let me give you some other headlines. "the los angeles times" this morning -- "the wall street journal" says this about the situation in syria -- it is the front page of "the new york times" this morning, and they say this -- peter baker and bryan gordon write in "the new york times" -- then, also we are doing a segment on syria taking a deeper dive into this issue on sunday here on the "washington journal ." moving on to the situation in israel. five nations some men envoys of israel. also, some other headlines for you. "the baltimore sun" -- next to that, president obama suggests a revamp of the
we are not here for the government's spending. we have a right to earn our own money, to keep what we have come not to pay off the things that we share. most of that other stuff that happens, we should be going to the states to handle it. right now because of the potential of riots, let's stop the business welfare and then let's stop the personal welfare spending stop making people dependent. host: we will keep this conversation going by let me give you some other headlines. "the los...
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big government is not effective government. big government has never worked. it is easy to sell, but when you put it into practice, it has failed each and every time. the government has never been able to sustain a vibrant middle class. if any people under should know that, it is us. we need to look no further than our own communities to see where the answers are to our challenges like. it starts with strong and stable families. it continues with a civil society filled with people working together to improve their country. with a thriving enterprise economy that creates good paying jobs and can draw upon people with skills to do those jobs, government's role is to support those institutions and those policies that strengthen the family and the community, to implement row-growth policy, the free enterprise economy that termites -- that promotes middle-class jobs. the emergence of a strong, vibrant and growing 21st-century american middle class is the answer to the most pressing challenge we face. think about it -- millions americans with jobs that pay more mean
big government is not effective government. big government has never worked. it is easy to sell, but when you put it into practice, it has failed each and every time. the government has never been able to sustain a vibrant middle class. if any people under should know that, it is us. we need to look no further than our own communities to see where the answers are to our challenges like. it starts with strong and stable families. it continues with a civil society filled with people working...
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caller: we get a line of government workers or people working in the government sector. people who work hard. they have a house. real estate is expensive. a five million-dollar house is not uncommon in d.c. you have half of your exemption gone. host: the state to take the house and put it in a trust. caller: you have to put that in a non revocable trust. it gets complicated. do not do this on the internet. you can make use of non revocable trust. you can make it an asset. the average person doesn't know that. host: how do you do that in two weeks? caller: you can do it. most people's major asset is their home. for people that have more money, it gets harder. give now. if you intended to give money to your kids, do with this year. get it out. if you wait, it is going to be harder. this gets complicated. you have an exemption. there is a current level of how much you can give to any one person. that right now is $5 million tax free this year. next year that drops to $1 million. if you wanted to give money to your kids or give your kids and house, this is the year to do it.
caller: we get a line of government workers or people working in the government sector. people who work hard. they have a house. real estate is expensive. a five million-dollar house is not uncommon in d.c. you have half of your exemption gone. host: the state to take the house and put it in a trust. caller: you have to put that in a non revocable trust. it gets complicated. do not do this on the internet. you can make use of non revocable trust. you can make it an asset. the average person...
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but in state government. but one of the things we did ask was thats as the federal government considers the cuts that they are going to make, that they consider the cuts upon the state and when there are cuts upon the state, yet still mandated things that we have to do, that has an effect upon our budget. we asked for flexibility and how the money is passed down to the states and the cuts that are passed down that we would have the flexibility to do what's in the best interest of our states, whether it's in relation to our budget, our different problems that we have in our states and how we would be able to make the decisions based upon what's best for our states. >> let me add to that if i can. we did talk about medicaid but we talked about the overall budget and the deficit and the debt reduction that needs to take place. and doing it in a way at that doesn't topple the economy. we understand how you can help pate bills by a healthy growing economy. what i did appreciate was that president obama pledged to
but in state government. but one of the things we did ask was thats as the federal government considers the cuts that they are going to make, that they consider the cuts upon the state and when there are cuts upon the state, yet still mandated things that we have to do, that has an effect upon our budget. we asked for flexibility and how the money is passed down to the states and the cuts that are passed down that we would have the flexibility to do what's in the best interest of our states,...
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we need the federal government's help. the federal port authority received no taxpayer money from either new york or new jersey. we rely on user fees, rents, tolls and fares and those revenue streams have their limitations. we're still assessing the exact cause of repair and recovery but our needs are enormous. we face billions of dollars to install mitigation processes such as protecting it elevating electrical substations at pass and the airports as well as additional pumping capacity at the party and jfk airports. in conclusion, the obama and -- above the administration is congress have been great partners that we are grateful. but costs will be high. they would be unfathomable and the terms of lost productivity, disabled economy and a fracture transportation network should we fail to make those repairs and investments. the road ahead will be a challenge but with the help of the federal government and our partners, we know recovery is possible. thank you for all to this hearing, senator. >> we know each other so well. w
we need the federal government's help. the federal port authority received no taxpayer money from either new york or new jersey. we rely on user fees, rents, tolls and fares and those revenue streams have their limitations. we're still assessing the exact cause of repair and recovery but our needs are enormous. we face billions of dollars to install mitigation processes such as protecting it elevating electrical substations at pass and the airports as well as additional pumping capacity at the...
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government has always helped americans and why are some called gifts? the immigration question, let me ask you about that. you've been passionate. you fought for fair immigration. now all of a sudden republicans -- i just showed a tape of president bush and others -- are talking more humane about immigration. but can you have it both ways? people say that they want gifts and are takers and all of a sudden you are going to flip is 180 degrees and say, after you talk about self-deportation all year long? >> i just want to say this. it's kind of easy to kick them when they are down, the republicans. but i actually want to commend former president bush for coming out today and speaking on that. i think that he wanted -- well, we all know that he wanted immigration reform back in 2004. am i correct? >> yep. >> and then he kind of went back into the closet and a lot of republican went back into the closet in 2004 because they didn't get what they wanted. it's time to come out of the closet. it's time to say, you know what, iç really do not believe in ignori
government has always helped americans and why are some called gifts? the immigration question, let me ask you about that. you've been passionate. you fought for fair immigration. now all of a sudden republicans -- i just showed a tape of president bush and others -- are talking more humane about immigration. but can you have it both ways? people say that they want gifts and are takers and all of a sudden you are going to flip is 180 degrees and say, after you talk about self-deportation all...
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state and local governments. overtime, as the stimulus funding ran out, state and local governments have been cutting jobs. this is what a lot of people are hearing about in their neighborhoods and in their towns. you know, there are teacher layoffs, police and fire layoffs, trying to figure out how to square the town budget without raising taxes. people have different views about that. some people feel state and local government was blurry to start with, so this is actually a house cleaning that needed to happen. i think when this start to cut into local services people start to feel differently. and of course, pensions are a big factor because states and cities are obligated to pay all those benefits, or make another deal with their employees, which can often be quite bruising. at the federal level, a large stability thinking this too will change as we get into some of the government spending we've been talking about. but so far, the federal government has stayed pretty steady. host: one person saying i was hir
state and local governments. overtime, as the stimulus funding ran out, state and local governments have been cutting jobs. this is what a lot of people are hearing about in their neighborhoods and in their towns. you know, there are teacher layoffs, police and fire layoffs, trying to figure out how to square the town budget without raising taxes. people have different views about that. some people feel state and local government was blurry to start with, so this is actually a house cleaning...
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obama's, and debt reduction commission had recommended that you raise tens of revenue for the federal government, you do tax reform, and you actually lower rates while you expand the base, and the reason is that if you raise rates, you injure economic expansion, if you lower them, you exhilarated, and by making deductions, you make the tax system a more fair wind. you have the lawyers who work around the rates and and they have lobbies -- >> may i say -- >> no principle involved? >> i heard the july 2011 statement argument first ramesh lemmel. -- first from rush limbaugh. i think i heard it from drudge -- >> did you see it on tape? >> i know where it comes from and you repeated quite well. rates first?h bill clinton did who changed it again, george w. bush. they thought it made sense. it tried to change the composition by making it about revenue -- you unwatched people don't understand the difference between rates and revenue. >> bring us all together, please. >> with the number of lobbyists and the super pacs morphing into lobbyists, god knows what will happen with the deductions. that will tak
obama's, and debt reduction commission had recommended that you raise tens of revenue for the federal government, you do tax reform, and you actually lower rates while you expand the base, and the reason is that if you raise rates, you injure economic expansion, if you lower them, you exhilarated, and by making deductions, you make the tax system a more fair wind. you have the lawyers who work around the rates and and they have lobbies -- >> may i say -- >> no principle involved?...
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you can see it in the government with medicare and social security. no one is arguing we have to cut medicare and social security taxes because they see them tied to something very specific. it goes into a trust fund used for their benefit. in the process of this, if you could print this discussion much more fully home -- it is more than just fixing to that, and that is a specific use of it, bringing it home to some actual uses of this fund, how are you going to make the social security trust funds solvent over a long period, making it worked, you would find resistance to this stuff a great deal less. >> do you think the president has made that connection with the outreach he has done since the election or during the election? >> snowe, it is still -- no, it is still in a class warfare mode on both sides. bringing it home, thinking about what you are going to tell that person wherever you see them about this -- you can take the sting out of this thing by -- there are other people here who have political things that may have raised or not have raised t
you can see it in the government with medicare and social security. no one is arguing we have to cut medicare and social security taxes because they see them tied to something very specific. it goes into a trust fund used for their benefit. in the process of this, if you could print this discussion much more fully home -- it is more than just fixing to that, and that is a specific use of it, bringing it home to some actual uses of this fund, how are you going to make the social security trust...
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back with government money. and that government money every year is now playing in to the repayment. and that's why people think that you can cut social security to take the tax dollars out. well, if it was a private insurance company that had that surplus and loaned that surplus to another company, that first company would expect the second company to pay it back. so that cannot part of this equation. social security and the federal money that goes into social security cannot be part of the equation in this fiscal cliff debate. certainly with the expected theme of social security surviving before 2038 before it has reduced benefits, in the very near future, this hall, this great hall has to discuss how to fix that and other great minds in this hall i'm sure can, but it does not need to be part of this debate. this does not have to be a -- it should not be a part of whatever legislation we settle in this last lame-duck session of this congress. mr. garamendi: you're certainly well stating my position and i belie
back with government money. and that government money every year is now playing in to the repayment. and that's why people think that you can cut social security to take the tax dollars out. well, if it was a private insurance company that had that surplus and loaned that surplus to another company, that first company would expect the second company to pay it back. so that cannot part of this equation. social security and the federal money that goes into social security cannot be part of the...
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that government can still help solve programs. they believe it's government's job to focus on those most in need. >> look, i think -- i agree. the american people, i think, told us they want us to work together. the great thing about our system is, over time the will of american people always works through it. you got some checks and some balances. but in the end, politicians do what people tell them to do. >> i think you got a public employee going above and beyond the call of duty to help a homeless person just makes me think our government workers are pretty good people. >> no question about that. one of this things that i was encouraged looking back at the election, we actually saw that young people stayed engaged this time around. their share of the electorate actually went up over 2000 and that's a hopeful sign to have continued participation going forward. >> thank you all very much. great roundtable. dan is going to stick around and answer questions. that's "this week" web extra. >>> when we come back -- i'll take your que
that government can still help solve programs. they believe it's government's job to focus on those most in need. >> look, i think -- i agree. the american people, i think, told us they want us to work together. the great thing about our system is, over time the will of american people always works through it. you got some checks and some balances. but in the end, politicians do what people tell them to do. >> i think you got a public employee going above and beyond the call of duty...
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and deductions for the wealthiest americans along side detailed measurable up front reforms on other government programs, so that together -- >> such as? >> again, in medicare, in health programs. other programs, we've still laid out $600 billion. a couple of examples, but can you look at the details. we propose to reform and limit farm subsidies, which can save a significant amount of money, and in health care we proposed things, like, for example, raising premiums modestly for higher -- we propose to get the government much smarter in how it purchases medicine. those are just three examples, but there's $600 billion of detailed policy in that program which alongside the trillion we did together that's already in place and the savings we get from winding down these wars is a substantial package. >> you have a $16 trillion debt, and you did $1 trillion of it, and that was in order to get your debt ceiling raised. how does that count -- >> it counts because it reduces the deficit. we're here trying to reduce the long-term deficit. >> they want new ones, the republicans? >> again, we're prepared
and deductions for the wealthiest americans along side detailed measurable up front reforms on other government programs, so that together -- >> such as? >> again, in medicare, in health programs. other programs, we've still laid out $600 billion. a couple of examples, but can you look at the details. we propose to reform and limit farm subsidies, which can save a significant amount of money, and in health care we proposed things, like, for example, raising premiums modestly for...
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which begs the question why is government doing nothing when it comes to guns. here to talk to us about possible solutions is john rosenthal, co-founder of stop handgun violence and the american hunters and shooters association, an alternative to nra for moderate gun owners. thank you for joining us. >> thank you eliot. >> eliot: the frustration we've felt for years in response to gun violence. in the context of all that has happened, the lack of action, what is your agenda, and how do you plan to make it real. >> it's no different than it has been the better part of 20 years. i'm a gun owner. i'm a business person. i believe in the second amendment and the right to bear arms but the founders never extended that the second amendment extend to terrorists and criminals to buy guns without even a background check. toy guns and teddy bears have a multitude of regulations of how they're made and marketed. you need an i.d. to vote in many places. but in 33 states it's federal gun policy that you do not need an i.d. or background check to buy an unrestricted, unlimited
which begs the question why is government doing nothing when it comes to guns. here to talk to us about possible solutions is john rosenthal, co-founder of stop handgun violence and the american hunters and shooters association, an alternative to nra for moderate gun owners. thank you for joining us. >> thank you eliot. >> eliot: the frustration we've felt for years in response to gun violence. in the context of all that has happened, the lack of action, what is your agenda, and how...
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why is the federal government doing nothing? that's coming up. emmy winner bill press opens current's morning news block. >>we'll do our best to carry the flag from 6 to 9 every morning. >>liberal and proud of it. ♪ ♪ the trucks are going farther. the new 2013 ram 1500. ♪ ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ ♪ guts. glory. ram. then how'd i get this... [ voice of dennis ] ...allstate safe driving bonus check? what is that? so weird, right? my agent, tom, said... [ voice of dennis ] ...only allstate sends you a bonus check for every six months you're accident-free... ...but i'm a woman. maybe it's a misprint. does it look like a misprint? ok. what i was trying... [ voice of dennis ] silence. ♪ ♪ ask an allstate agent about the safe driving bonus check. are you in good hands? >> eliot: you've got to give credit to alan simpson. the 81-year-old retired senator is pressuring congress to lower the debt, he's reaching out to the internet generation. all i can say is the man from wyoming knows a t
why is the federal government doing nothing? that's coming up. emmy winner bill press opens current's morning news block. >>we'll do our best to carry the flag from 6 to 9 every morning. >>liberal and proud of it. ♪ ♪ the trucks are going farther. the new 2013 ram 1500. ♪ ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ ♪ guts. glory. ram. then how'd i get this... [ voice of dennis ] ...allstate safe driving bonus check? what is that? so...
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we will rebuild but we need the government's help. the port authority receives no taxpayer money from either your or new jersey. we rely solely on user fees and all those revenue streams have their limitations. we are assessing exact costs of repair and recovery, but our needs are enormous. we face hundreds of millions of dollars in immediate repairs and billions of dollars to install projects such as protecting an elevating electrical substations at the airports as well as additional capacity at the airports to safeguard our system in the future. the obama administration and this congress have been great partners throughout this process, and we are grateful. the cost will be high, but it would be unfathomable in terms of the cost of lost productivity, disabled economies, and a fractured transportation networks should we fail to make those investments. the road ahead will be a challenge, but with the help of the government, we know that recovery is possible. thank you for holding this hearing, senator. >> we know well we are neighbors
we will rebuild but we need the government's help. the port authority receives no taxpayer money from either your or new jersey. we rely solely on user fees and all those revenue streams have their limitations. we are assessing exact costs of repair and recovery, but our needs are enormous. we face hundreds of millions of dollars in immediate repairs and billions of dollars to install projects such as protecting an elevating electrical substations at the airports as well as additional capacity...
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a bloated federal government that wants to spend too much to help the poor. >> government's approach has been to expand bureaucracy and spend lots of money on bloated top-down anti-poverty programs. we're trying to measure compassion by how much we spend not by how many people we help. >> the takeaway, we care. we care about the same things we always cared about -- cutting taxes and slashing the government. in "the daily beast" calling this attempt at rebranding, if you will, gaseous rhetoric. saying until these guys actually embrace some amount of policy change, it's same old, same old. >> you know i think rubio at least his suits fit better than paul ryan's suits do. watching them, on the one hand it's cool watching them being -- trying to be progressive. but it's -- these suits are ill-fitting these compassion -- sudden compassion for the poor. it's a little bit like listening to bloomberg speak spanish. >> nice try but awkward. >> i'm happy to hear paul ryan talking about the poor and i hope this is a trend in the republican party. >> i don't know -- if i were paul ryan's strateg
a bloated federal government that wants to spend too much to help the poor. >> government's approach has been to expand bureaucracy and spend lots of money on bloated top-down anti-poverty programs. we're trying to measure compassion by how much we spend not by how many people we help. >> the takeaway, we care. we care about the same things we always cared about -- cutting taxes and slashing the government. in "the daily beast" calling this attempt at rebranding, if you...
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that too many people want things from government. but i'm still convinced that the overwhelming majority of our people, they just want what my parents had -- a chance. >> i'm joined by congresswoman debbie wasserman schultz tonight, of florida, chairwoman of the dnc. great to have you with us, congresswoman. >> great to be with you, ed, thank. >> now, those are two key players there on the republican party. one was on the ticket, the other was a florida senator. what do you make of this about-face and philosophical change and approach to the middle class. you buying it? >> well, it's not an about-face, not by a long shot. there is not much compassion in either of those conservatives. and you know, i think what mr. ryan and mr. rubio must think is, you know, that movie, "men in black"? there have been three "men in black" movies, and i think one of the coolest things about that movie that most people remember is that little device that erases people's memories. well, i think that paul ryan and marco rubio must believe that all america
that too many people want things from government. but i'm still convinced that the overwhelming majority of our people, they just want what my parents had -- a chance. >> i'm joined by congresswoman debbie wasserman schultz tonight, of florida, chairwoman of the dnc. great to have you with us, congresswoman. >> great to be with you, ed, thank. >> now, those are two key players there on the republican party. one was on the ticket, the other was a florida senator. what do you...
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Dec 3, 2012
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. >> it's very important that people think about the fact that in theory americans like small government. but in practice when you start talking about popular programs, they get very, very snippy about you threatening to cut anything. so what we have here is a situation where they've taken -- the republicans have taken away the presidential talking point of, well, republicans don't have a plan. but they have not taken away the talking point of, well, republicans want to cut all this so that they can keep tax cuts for the wealthiest americans. and until they address that issue, i think from a perform r standpoint this could remain politically disastrous for them. >> now, ezra, they keep talking, they being the republicans, like this was a status quo election. but you wrote today that they are in a weaker position this time around and know it. you wrote, boehner opens his latest letter by reminding the president that 2012 was a status quo election in which both you and the republican in the minority in the house were re-elected. that's technically true and in every other way incorrect. the
. >> it's very important that people think about the fact that in theory americans like small government. but in practice when you start talking about popular programs, they get very, very snippy about you threatening to cut anything. so what we have here is a situation where they've taken -- the republicans have taken away the presidential talking point of, well, republicans don't have a plan. but they have not taken away the talking point of, well, republicans want to cut all this so...
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Dec 6, 2012
12/12
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direction, and government dependency is hurting the black community. that seems to be your message, am i right there? >> that's the message, and we have a 50-year opportunity to see what's happened to that. my dad's generation would be ashamed to see what's happened to the men of our race. we have black middle class, we should be the people that pull the others out and we're standing by being silent. the whole idea, the fact that what liberalism does to a race, it actually -- it makes people and particularly men wimpy and winy. i think it's time for us to stand up and be strong about what we need to get done. be courageous and have a vision the way previous generations did and stand up for children particularly. >> i have to leave it there. many thanks, the outspoken burgess owens. that's it for this evening's show. thanks for watching. free market capitalism is the best path to prosperity for everybody, for all people in need of opportunity. i'm larry kudlow. we'll see you tomorrow night. [ male announcer ] where do you turn for legal matters? at lega
direction, and government dependency is hurting the black community. that seems to be your message, am i right there? >> that's the message, and we have a 50-year opportunity to see what's happened to that. my dad's generation would be ashamed to see what's happened to the men of our race. we have black middle class, we should be the people that pull the others out and we're standing by being silent. the whole idea, the fact that what liberalism does to a race, it actually -- it makes...
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Dec 5, 2012
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so, fred smith believes in what the government has to offer and let the government run fedex like it ran the post office. >>eric: what is the effect of raising taxes on the top 2 percent do a businesslike yours? >>guest: in new york state it would cost us $15 billion alone and 46,000 jobs. >>eric: you personally? >>guest: it would end up reducing my employee payroll, it will reduce my employees by 10 or 15 over all, and it will negatively impact it right across the board. >>eric: who is he talking to? who is fred smith talking to when he says it won't be the job killer that everyone claims. >>guest: i don't know, everyone is mystified by the comment. i don't think fred smith would be able to achieve what he did, today, if the tax hikes that the president is asking for were in effect when he first started out. >>eric: so say the economy turns around, and people buy cars if it turns around and you have an increase in taxes that could, who knows, will you restrict your hiring because of that? >>guest: yes. a tax is an expense. when you have an expense you have to pass it on somehow. an
so, fred smith believes in what the government has to offer and let the government run fedex like it ran the post office. >>eric: what is the effect of raising taxes on the top 2 percent do a businesslike yours? >>guest: in new york state it would cost us $15 billion alone and 46,000 jobs. >>eric: you personally? >>guest: it would end up reducing my employee payroll, it will reduce my employees by 10 or 15 over all, and it will negatively impact it right across the...
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Dec 5, 2012
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it's government at the brink all the time. we don't know how the markets and the credit rating agencies will react. probably be bad ybut i think that's what you hear conservatives saying. >> erin, so far wall street for the most part reacting in a calm fashion. we know that could go out the window. no one knows what could happen and how long it would take for us to fall in to a recession. but with that said, our first read team points out you have to know when to hold 'em, when to fold 'em. the song, i'm a texan. he's a texan. did we see this coming all along to see a split dealing with the tax cuts first and then kicking the can as you heard congressman yarmuth say down the road and a.b. pointed out on the other major issues? >> well, for one thing, i would say that it's clearly going to get worse before it gets better. last week looked like potential for a deal sooner. i still think that many people on capital hill think there's potential to get a sizable deal but as you pointed out with rand paul and jim demint, they were n
it's government at the brink all the time. we don't know how the markets and the credit rating agencies will react. probably be bad ybut i think that's what you hear conservatives saying. >> erin, so far wall street for the most part reacting in a calm fashion. we know that could go out the window. no one knows what could happen and how long it would take for us to fall in to a recession. but with that said, our first read team points out you have to know when to hold 'em, when to fold...
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Dec 6, 2012
12/12
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every day we feature stories that will show you how you will be affected if the federal government does go over that fiscal cliff. you can get alerts sent straight to your phone about the fiscal cliff on our cliff notes by texting "the cliff" to 25543. >>> our time is 4:31. intelligence officials in pakistan say three suspected militants were killed in a u.s. drone attack. in the last few months, american officials have privately admitted the strikes have killed several al qaeda and taliban commanders. >>> three people were killed overnight in clashes in egypt. supporters of president mohamed morsi battled protesters outside the palace. demonstrators are trying to stop a referendum on the new constitution. the constitution was written by conservative supporters of morsi without contribution from liberal legislators or religious minorities. >>> there has been a significant drop in illegal immigration after nearly a decade of steady increases. according to the latest census, the number of illegal immigrants in the united states was estimated at 11.1 million in 2011. that's compared to the
every day we feature stories that will show you how you will be affected if the federal government does go over that fiscal cliff. you can get alerts sent straight to your phone about the fiscal cliff on our cliff notes by texting "the cliff" to 25543. >>> our time is 4:31. intelligence officials in pakistan say three suspected militants were killed in a u.s. drone attack. in the last few months, american officials have privately admitted the strikes have killed several al...
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Dec 5, 2012
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and they understand that what's being threatened is their ability to govern. they have priorities they have to get through. so he's got to actually exert a firmer hand. we're starting to see that with boehner. but howard is right. mcconnell has an election at stake. >> he hired rand paul's campaign manager to be his campaign manager in the upcoming race. >> i look at the democrats of this. the veterans of the senate, the old guard, the statesman. there was still respect available. it just seems lost today. >> you make a very important point. it's true of the baby boom generation. very few of them have the bonding national experience of being in the army.
and they understand that what's being threatened is their ability to govern. they have priorities they have to get through. so he's got to actually exert a firmer hand. we're starting to see that with boehner. but howard is right. mcconnell has an election at stake. >> he hired rand paul's campaign manager to be his campaign manager in the upcoming race. >> i look at the democrats of this. the veterans of the senate, the old guard, the statesman. there was still respect available....
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that's the percentage of economic activity the government has consumed. if you look at revenue, we're at about 16%. if you look at spending, we're at 25%. we're way out of kilter when it comes to spending, and the president, all he wants to focus on is the little -- the reason we're at 16, n not 18, is becaue of poor economic growth. he doesn't want to focus on the problem. he wants to transform what american government is about. >> is it because he thinks he has a better idea or because he's stubborn and arrogant? >> look, do i believe the president is stubborn and arrogant? maybe. i don't know him that well. i will say that he's convicted that government should have more resources and make more decisions in america and that's the course we're headed on. >> senator, thank you. always nice to see you, sir. >> my pleasure, thank you. >>> to the sizzling question of the day. will the next ambassador wear prada. why would president obama consider magazine editor for a diplomatic post? >> i'm glad santorum is handling the difficult questions. i'm on the anna
that's the percentage of economic activity the government has consumed. if you look at revenue, we're at about 16%. if you look at spending, we're at 25%. we're way out of kilter when it comes to spending, and the president, all he wants to focus on is the little -- the reason we're at 16, n not 18, is becaue of poor economic growth. he doesn't want to focus on the problem. he wants to transform what american government is about. >> is it because he thinks he has a better idea or because...
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Dec 2, 2012
12/12
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federal government can run deficits. when you have these incredible recessions, you want to do cyclical policy like cutting when things are bad and growing when things are good. maybe the federal government should be handling there and have the revenue sharing that was part of the recovery act. >> i think you are making an important point. when we talk about what's going to happen with the fiscal fiasco, it's a cliff, a political construction. 18% of federal grants to states are at risk. when we hear from governor malloy, what it means for connecticut, it's devastating. one of the things that means is that we have to look at what it means to think about federal support. states are actually the distribution vehicles for important programs to support people to feed their families. if you just take the woman and infant nutrition program, which is one of the programs we are looking at being slashed, you are talking about people who actually are trying to feed their families working 12 hours a day. states are actually the dis
federal government can run deficits. when you have these incredible recessions, you want to do cyclical policy like cutting when things are bad and growing when things are good. maybe the federal government should be handling there and have the revenue sharing that was part of the recovery act. >> i think you are making an important point. when we talk about what's going to happen with the fiscal fiasco, it's a cliff, a political construction. 18% of federal grants to states are at risk....
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Dec 5, 2012
12/12
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will we build an economy that pays workers enough to support a family or will we use the government to subsidize people's wages through food stamps and other support. today, we're not doing either one. in michigan, i signed a bill to raise the minimum wage to $7.40 an hour. that was six years ago. it needs to be raised again. the federal minimum wage is lower than that. it is now just $7.25 an hour. try, just try imagine earning $7.25 an hour and paying a mortgage or rent try living on $7.25 an hour and buying food, much less acquiring transportation in some way. forget clothing. that's a total luxury. this is a moral issue. but it is also an economic issue that's going to determine the vitality of our nation's recovery from recession. joining me now are two champions of the living wage fight. jonathan westin, director of fast food forward an organization that helped organize the strikes in new york. and linda archer is a current mcdonald's employee who's joined in the fight for better wages. they're joining us from new york. great to have you both inside "the war room" to share your s
will we build an economy that pays workers enough to support a family or will we use the government to subsidize people's wages through food stamps and other support. today, we're not doing either one. in michigan, i signed a bill to raise the minimum wage to $7.40 an hour. that was six years ago. it needs to be raised again. the federal minimum wage is lower than that. it is now just $7.25 an hour. try, just try imagine earning $7.25 an hour and paying a mortgage or rent try living on $7.25 an...
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Dec 4, 2012
12/12
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sir, big government, what about the two big long wars and the big bush tax cuts as being responsible for the in accordance debt? did they have no part to play? >> well, there's no question about that, but the truth of the matter is you start your slashing of government in matter what part, laying off people, throwing them into the unemployment marment, making certain we have no disposable income, can't pay for mortgages, can't pay rent, can't pay for food and services, what happens to the small businessman that's already catching hell in the community? in other words, unless people get together and have some protection for the vulnerable and to make certain that those in the top 2% pay their fair share, and the truth of the matter is that i meet some of these people on the train coming back and forth from washington to new york, and they are saying that no one represents them in terms of protecting them against an increase in the taxes. these taxes haven't been changed since 1950. many of these people go from millionaires to billionaires and they expect that the government should be
sir, big government, what about the two big long wars and the big bush tax cuts as being responsible for the in accordance debt? did they have no part to play? >> well, there's no question about that, but the truth of the matter is you start your slashing of government in matter what part, laying off people, throwing them into the unemployment marment, making certain we have no disposable income, can't pay for mortgages, can't pay rent, can't pay for food and services, what happens to the...
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Dec 6, 2012
12/12
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that too many people want things from government. but i'm still convinced that the overwhelming majority of our people, they just want what my parents had, a chance. there are millions of mario rubios across america today. they are not looking for a handout. all they want is a job that provides for their families. >> one man is standing by mitt romney. after listening to ryan and rubio's remarks, today rush limbaugh said this. >> one thing i will tell you is that what animated both these guys was romney's 47% comment. the republican party is running away from that. if the people of this country are not -- if a majority are not taught, educated, inspired, motivated to solve their own problems at least in part, nothing is going to change. the democratic party is always going to win. we are never going to come man deer the notion that we are the party of government. >> joining me now, msnbc political analyst e.j. dion and richard wolf. i'm so struck seeing paul ryan at the jack kemp dinner. i don't know how you can can idol i idolize ra
that too many people want things from government. but i'm still convinced that the overwhelming majority of our people, they just want what my parents had, a chance. there are millions of mario rubios across america today. they are not looking for a handout. all they want is a job that provides for their families. >> one man is standing by mitt romney. after listening to ryan and rubio's remarks, today rush limbaugh said this. >> one thing i will tell you is that what animated both...
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that's why they're willing to shut down the government. they're not taking an oath to the constitution of the united states but an oath to grover norquist. if you do things like that you shouldn't have the right to try to continue to shut down the government and use the debt ceiling as a weapon. >> finally, congressman, there are reports the president may ask congress for $50 billion for hurricane sandy, you know, to cover costs of relief and rebuilding. do you expect that to even be held hostage as well by region sn -- republicans? >> yes, do i. >> so no agreement on fiscal cliff, no agreement on debt ceiling, no agreement on this either? >> that's because they are obstructionists. they've turned the win into a partisan political instrument. they've turned the weather into a partisan political instrument. we have a solution to thisç 37e have introduced a discharge petition. we think that we shouldn't be holding the middle class hostage. everyone agrees the first $250,000 in income should receive a tax increase. i believe it should be hi
that's why they're willing to shut down the government. they're not taking an oath to the constitution of the united states but an oath to grover norquist. if you do things like that you shouldn't have the right to try to continue to shut down the government and use the debt ceiling as a weapon. >> finally, congressman, there are reports the president may ask congress for $50 billion for hurricane sandy, you know, to cover costs of relief and rebuilding. do you expect that to even be held...
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Dec 10, 2012
12/12
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it's time to govern. the election is over. >> he is a phone call away and you know it. >> he is a phone call away? we will come right down to him. we sent a plan to him and gave him three weeks to respond. he has not sundresponded to our current one. you cannot negotiate with yourself. >> this is the part of the stalemate that people are so uncomfortable with, even if there's more action behind the scenes. congressman, you're a californian. the supreme court is going to take up the issue of same-sex marriage with the prop eight ban in your state as well as the defense of marriage act on the federal level. do you think the days of same-sex marriage being not recognized, unrecognized as a civil right, are coming to an end? >> i think the supreme court will make the decision. prior to this election, every vote has only been it's only made it through by a legislator, not the vote of the people. in california, the people voted it down. we'll see from the supreme court sz. >> how do you see it? >> marriage equa
it's time to govern. the election is over. >> he is a phone call away and you know it. >> he is a phone call away? we will come right down to him. we sent a plan to him and gave him three weeks to respond. he has not sundresponded to our current one. you cannot negotiate with yourself. >> this is the part of the stalemate that people are so uncomfortable with, even if there's more action behind the scenes. congressman, you're a californian. the supreme court is going to take...
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Dec 3, 2012
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government issue coin. baseball card c13 take thatand you match up against their any looking every fold in the uniform and shoelaces and a lace on the ball and head and arm and you tell me this is not that? the only government issue coin that has a living american on it. it comes in this set in the original government packaging. >>host: that is several hundred online ordering a lot of stuff but most of them are for this collection. $700 off tonight and we have not done that before! i want to refer to this because he talks a lot about the value of each and and that is the original issue prices he brings us awesome deals every time he is here and this would be and normally is $2,399. >>guest: and it sold on hsn for that. >>host: there is only 30 of left and $700 off. a temporary drop in price. very special reason he is here tonight and the last prime time show for the rest of the holiday season. c13 will be back on together on new year's eve and kicking off a branch in today's special. for the last few of you
government issue coin. baseball card c13 take thatand you match up against their any looking every fold in the uniform and shoelaces and a lace on the ball and head and arm and you tell me this is not that? the only government issue coin that has a living american on it. it comes in this set in the original government packaging. >>host: that is several hundred online ordering a lot of stuff but most of them are for this collection. $700 off tonight and we have not done that before! i want...
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Dec 3, 2012
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this is the party whose fundamental premise is to cut government spending. you ask them to identify how they want to do it, and they start speaking in gibberish. it shows you this is a phony, phony movement on the part of conservatives to cut government spending. >> absolutely. ari, the president took a question on twitter this afternoon. quote, what is your opposition to taking away deductions for the 2% rather than upping the rate? seems like a reasonable compromise. his answer, not enough revenue unless you end charitable deductions. he's right, isn't he? the math doesn't add up. it didn't add up with mitt romney. it doesn't add up today. >> it doesn't add up, and those targeted revenue measures serve certain goals that we actually care about more than helping billionaires. those goals include what you just said, incentivizing charitable giving, and also home ownership, which is a middle to upper class benefit, but it's one that we've always encouraged with the mortgage interest rate deduction because we want people moving into the middle class. that matt
this is the party whose fundamental premise is to cut government spending. you ask them to identify how they want to do it, and they start speaking in gibberish. it shows you this is a phony, phony movement on the part of conservatives to cut government spending. >> absolutely. ari, the president took a question on twitter this afternoon. quote, what is your opposition to taking away deductions for the 2% rather than upping the rate? seems like a reasonable compromise. his answer, not...